A restructuring of current theoretical and empirical research efforts is required if valuation estimates are to be of use in multiple-use policy making, a restructuring that focuses on the impact of recreation quality on recreation benefits and efficient wildlife herd sizes. The argument is...

As the Central Arizona project is being completed and contracts are being negotiated, economic analysis continues to show that neither agriculture nor municipalities would benefit from the project if repayment actually is required according to previously suggested schedules. Earlier analyses...

Comparable empirical estimates of the market and nonmarket values of range cattle production and hunting activity on the same land are developed in the welfare economic framework of consumersÂ’ surplus, producersÂ’ surplus, and the corresponding Hicksian consumer welfare measures. The...

A simulation model containing both economic (monetary) and socio-environmental (value index) components is developed in a case study of predator control alternatives. Particular emphasis is given to the description and justification of the socio-economic model. The economic model is estimated in...

Economic analysis shows that the Central Arizona Project will be a poor investment from the point of view of individual farmers. Yet farmers support the Project. In this study of the economics and politics of the CAP, farmers are questioned as to their information, perceptions and motivations....